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TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)(LBSR:
OTCQB) is pleased to announce that the Liberty Star Geology Team has
discovered copper, zinc, molybdenum (moly), silver and lead in core hole
1003 collected in 2005 (see SRK
Report) on the company???s Big
Chunk Super Project (???BCSP???), South Block.
During a review of core logs from the 2005 White Sox drilling campaign
and recently enhanced ZTEM data (NR
128) Chief Geologist James Briscoe and Technical Advisory Board
Member Dr.
Erik Murdock discovered that diamond core hole 1003 showed
characteristic copper and molybdenum as the minerals chalcopyrite and
molybdenite, as well as lead, zinc and silver. The hole was stopped
prematurely in increasing values of these metals at a depth of 206.4
meters (681 feet). Although of low grade, this suite of metals is
characteristic of the outermost zone of the porphyry copper core zone as
described in the Lowell ??? Guilbert porphyry copper model, co-developed
by Liberty Star Director, John
Guilbert. Murdock and Briscoe are using profiles through the ZTEM 3D
model to determine where the characteristic low sulfide copper bearing
center and high pyrite surrounding zones are with this drill hole as a
control model. A porphyry copper-like target about 6 km (3.6 miles)
north, about 2.5 km (1.5 miles) in diameter at a depth slice of 500
meters has ZTEM characteristics similar to but much more pronounced than
hole 1003. A carefully positioned drill hole is planned which targets a
depth of about 700 meters (2,310 feet). It will pass through a moderate
pyritic layer and then into what appears like a porphyry center. Various
logging tools (NR
133) will be used to let the geologist determine characteristics of
the hole, including a hand held analyzer to give metal values, as the
core penetrates to targeted depth.
Twelve target areas have been defined by ZTEM, airborne magnetics,
geology and geochemistry in the Big Chunk S Block. Some 81 potential
drill sites targeting various anomalies or types of anomalies have been
chosen. Not all of these can be drilled during this phase, but
alternative sites give the Company freedom to move to the next best
site. Approximately 10,000 feet of drilling is planned depending on
drill penetration rates and other factors. Early holes will be used to
more precisely target later holes both as to exact location and depth.
This is possible because of precise geologic drill logs including X-ray
on site assay results and other types of on-site analysis. These data
will be transmitted via the Internet to Tucson where various experts
will collaborate with the onsite geology team to more precisely plan
succeeding holes.
The Company also reports that the Alaska Department of Natural Resources
has issued a drilling permit effective immediately, for diamond core
drilling on Big Chunk south block targets. The drill rig will be
positioned soon and drilling will start shortly.
???James A. Briscoe??? James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty
Star Uranium & Metals Corp.
Forward-Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements in this news
release include our drilling plans, that drilling targets can be
precisely placed, that a drill rig will be positioned soon, that
drilling will be started shortly; and that analysis would conclude that
a porphyry copper system is present. Factors which may delay or prevent
these forward-looking statements from being realized include: the
failure of our exploration program to identify targets; we may not be
able to raise sufficient funds to complete our intended exploration,
keep our properties or carry on operations; and an inability to continue
exploration due to weather, logistical problems, labor or equipment
problems or hazards even if funds are available. Despite encouraging
data there may be no commercially exploitable mineralization on our
properties. Readers should refer to the risk disclosures in the
Company???s recent 10-K and the Company???s other periodic reports filed
from time to time with the Securities and Exchange Commission.